List Search

95u | 3.5 Acres | No City Rent Control
Riverside, CA Canyon Crest

$23,000,000 USD

Multifamily For Sale  •  82,470 SF

2 Properties View all

Property Details

  • Property Type Multifamily
60 Transit Score
50 Walk Score

Highlights

95 units on 3.5 acres of land in fantastic Riverside location across street from Canyon Crest Town Centre
Minutes to UC Riverside, Downtown Riverside, Canyon Crest Country Club and more
Value-add opportunity with no city rent control; Going-in cap rate of 5.3%; market cap rate of 6.9%
Attractively priced at $242K per unit and $253 per square foot
Spacious units averaging over 900 square feet
Long-term ownership: First time on the market in over 13 years

Public Transportation

Commuter RailDriveWalkDistance
Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.5 mi
8 min - 3.9 mi
AirportDriveWalkDistance
Ontario International 30 min - 20.9 mi
Adrienne Barr 310-470-8963 Berkadia
Adrienne Barr 310-470-8963 Berkadia